Department of Labor Issues Request for Information Regarding the New Fiduciary Rule Under ERISA

The U.S. Department of Labor published in the Federal Register on July 6, 2017, a Request for Information (an “RFI”) generally seeking comment on a delay in the January 1, 2018, applicability date of certain provisions of the "Best Interest Contract Exemption" that was issued in connection with the promulgation of the new Fiduciary Rule (as well as a delay in the applicability of certain other new and amended exemptions), and seeking input about other possible additional exemption approaches or changes to the Fiduciary Rule. Comments regarding a potential delay of the January 1, 2018, applicability date are due on or before July 21, 2017, and responses to all other RFI questions are due on or before August 7, 2017.

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